The company aims to make doing business in Europe more simple, affordable and faster by allowing its business account holders to accept direct Payza e-wallet, bitcoin and low-cost payments from Canadian debit card network Interac Online in a single integration. Rates are based on the risk level of the industry and the merchant’s processing history and start at 2.9% + €0.30.

"Making it easier and more affordable to run a business online is what drives us at Payza," Firoz Patel, Payza's global executive vice president, said in a Sept. 22 news release. ”Our new low-rate direct merchant processing account is first being launched to European merchants because they face some of the most complex everyday barriers to running their businesses, like the costs of cross-border disputes, restrictions to selling cross-border within and outside of the EU, delivery costs, and taxation rules.”

Payza will also provide business account holders with secure payment portal to simplify the checkout process, tools for payment button and shopping cart integration, security and intelligent fraud protection and customer support guides.

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